Leading P&C and Life Insurer in Portugal Selects Sapiens to Automate and Enhance its Reinsurance Program
Sapiens' global best practice and industry-specific expertise will help the
HOLON,
Sapiens' solution provides comprehensive support for multi-company organizations with complex structures, including affiliated reinsurance, multi-currency calculations, cash settlements and GL accounting, optimizing complex operations and improving efficiencies of scale. Managing and optimizing reinsurance coverage is a critical task, and this is especially true for multinational insurance companies. Insurers need a reinsurance software solution that enables them to handle all reinsurance activities on a single platform, and provides full financial control and auditing support of reinsurance contracts and activities for all lines of business.
"Our client was seeking a proven, flexible and modern reinsurance solution with a capacity for tracking policy and claims transactions, that automates complex accounting tasks and is flexible enough to change with new terms and conditions," said
Sapiens ReinsuranceMaster offers complete support for all types of reinsurance contracts – treaty & facultative, proportional & non-proportional, ceded and assumed business. All activities are maintained in one easy-to-use, cloud-based, web-based user solution, with extensive and comprehensive, automated process allocations and fully automated retroactive processing support. More than 100 insurers worldwide use Sapiens' reinsurance solutions.
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Certain matters discussed in this press release that are incorporated herein by reference are forward-looking statements within the meaning of Section 27A of the Securities Act, Section 21E of the Exchange Act and the safe harbor provisions of the
While we believe such forward-looking statements are based on reasonable assumptions, should one or more of the underlying assumptions prove incorrect, or these risks or uncertainties materialize, our actual results may differ materially from those expressed or implied by the forward-looking statements. Please read the risks discussed under the heading "Risk Factors" in our most recent Annual Report on Form 20-F, in order to review conditions that we believe could cause actual results to differ materially from those contemplated by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or will occur. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason, to conform these statements to actual results or to changes in our expectations.
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